Tag: government bailout

Is America Still a Capitalist Society? The Case for Letting the Market Speak

March 29, 2023
banking crisisBusiness & MarketsBusiness ColumnistscapitalismDodd Frankeconomyfinancial crisisfree marketgovernment bailoutMarketsOpinionU.S. economyUSUS NewsViewpoints
0 Comment

Commentary In theory, America is a capitalistic society. One beautiful part about capitalism is that everyone gets to participate. If you create value, you get rewarded for it. If you invent something new and create a lot of value, you get rewarded handsomely for your effort. However, the flip side of living in a capitalistic…

Read More

Finance Minister Chrystia Freeland Says Feds Will Voice Concerns to Air Canada Over Executive Bonuses

June 2, 2021
Air CanadaCanadafederal aidFinance Minister Chrystia Freelandgovernment bailoutWorld
0 Comment

OTTAWA—Finance Minister Chrystia Freeland says the government will voice its concerns about Air Canada doling out millions in bonuses to its executives as the company was negotiating a federal bailout. Freeland says she is disappointed there are some businesses that seem not to be behaving as responsible corporate citizens while receiving taxpayer−funded federal aid to…

Read More

Air Canada Agrees to $5.9 Billion Aid Package, Giving Ottawa Equity Stake in Airline

April 13, 2021
Air CanadaCanadaCCP Virusgovernment bailoutWorld
0 Comment

OTTAWA—After months of negotiations, Ottawa has reached a multibillion-dollar rescue deal with Air Canada that will give the government an equity stake in the pandemic-battered airline. Under the agreement, Air Canada can access up to $5.9 billion from the public purse but must refund passengers whose flights were cancelled due to COVID−19, cap executive compensation…

Read More